SPS Commerce Inc (SPSC)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 77,054 | 78,506 | 71,888 | 68,538 | 65,824 | 62,728 | 61,749 | 57,820 | 55,134 | 51,984 | 47,570 | 47,000 | 44,597 | 45,302 | 45,260 | 46,271 | 45,586 | 41,278 | 38,812 | 36,414 |
| Total assets | US$ in thousands | 1,031,230 | 1,003,300 | 854,521 | 839,847 | 823,844 | 787,408 | 735,538 | 696,927 | 672,914 | 637,090 | 622,776 | 613,308 | 615,846 | 591,283 | 572,278 | 549,837 | 526,458 | 487,686 | 461,663 | 439,819 |
| ROA | 7.47% | 7.82% | 8.41% | 8.16% | 7.99% | 7.97% | 8.40% | 8.30% | 8.19% | 8.16% | 7.64% | 7.66% | 7.24% | 7.66% | 7.91% | 8.42% | 8.66% | 8.46% | 8.41% | 8.28% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $77,054K ÷ $1,031,230K
= 7.47%
The return on assets (ROA) of SPS Commerce Inc has been relatively stable over the past few years, ranging from 7.24% to 8.66%. The company's ROA peaked at 8.66% on December 31, 2020, and experienced a slight decline in the following quarters. However, there was a noticeable decrease in ROA from March 31, 2021, to June 30, 2021, with the rate dropping to 7.91%. Subsequently, the ROA fluctuated between 7.47% and 8.41% until December 31, 2024. The company's ability to generate profits from its assets remained consistent overall, showing resilience despite some fluctuations. It is important for stakeholders to monitor ROA as it indicates how efficiently the company is using its assets to generate earnings.
Peer comparison
Dec 31, 2024